Monday 27, June 2022

Verdict in Destiny's money swindling cases on May 12

Time Digital Report: A court in Dhaka on Sunday fixed May 12 to deliver its verdict in two separate cases filed for swindling the customers out of more than Tk 4000 crore allegedly by the officials of Destiny 2000 Ltd. 

Sheikh Nazmul Alam, the judge of Special Judge's Court-4 of Dhaka, set the date after the prosecution and the defense had concluded their respective arguments in the lawsuit. 

Destiny Group's Chairman former army chief Harun-Or-Rashid and Managing Director Rafiqul Amin are among the 46 accused in the case.

The Anti-Corruption Commission's (ACC) deputy director Md Mozhar Ali Sarder and its assistant director Md Taufiqul Islam lodged the two cases with Kalabagan Police Station in the capital of Dhaka on July 31, 2012.

On May 4, 2014, Mozhar submitted charge-sheet in the court against 51 officials of the multi-level marketing (MLM) company, accusing them of embezzling and laundering around Tk 4000.119 crore of the customers. 

The case statement said Destiny collected about Tk 1000.901 crore from the investors in the name of a multi-purpose cooperative project in 2008.

Out of, around Tk 1000.861 was swindled, leaving some 8.50 lakh investors affected, the ACC found in its investigation.

The company also collected around Tk 2000.445 crore from the investors through its tree plantation project and of this, embezzled about Tk 2000.257 crore, leaving as many as 17 lakh investors into a great loss. 

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